Moody's Investors Service has assigned a Aaa rating to the Town of New Canaan, CT's $9.7 million General Obligation Refunding Bonds, Issue of 2020. Moody's maintains a Aaa rating on the town's outstanding parity debt. The outlook is stable.
RATINGS RATIONALE
The Aaa rating reflects the town's sizable tax base, extremely strong wealth and income profile and stable financial position. The rating also incorporates the town's low long-term liabilities and manageable fixed costs.
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